Business News

MEXICO CITY (Reuters) – Mexico’s economy is slowing, Bank of Mexico deputy governor Jonathan Heath said on Friday after official data showed economic activity shrank in November and December. Economic …

By Dietrich Knauth and Andrew Goudsward (Reuters) -A U.S. judge on Friday signed off on FTX’s choice of legal advisers to navigate its bankruptcy, after the collapsed crypto exchange told …

By Nell Mackenzie LONDON (Reuters) – Almost $125 billion worth of assets, from performance losses left the hedge fund industry in 2022, Hedge Fund Research (HFR) data showed on Friday …

(Reuters) -The lending unit of crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, owing creditors at least $3.4 billion after being toppled by a market rout along with …

By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve is set to again slow the pace of its interest rate increases at a Jan. 31-Feb. 1 policy meeting while also …

By Blake Brittain (Reuters) – A U.S. appeals court on Friday affirmed a decision to throw out a $308.5 million jury verdict against Apple Inc for allegedly infringing a patent …

(Reuters) -The U.S. Federal Reserve is probing whether Goldman Sachs Group Inc’s consumer business had appropriate safeguards in place as the bank ramped up lending, the Wall Street Journal reported …

(Reuters) -Netflix Inc’s steady stream of hit shows is helping it stand out in a crowded market while paving the way for double-digit revenue growth later this year, analysts said, …

By Sethuraman N R BENGALURU (Reuters) -Reliance Industries Ltd on Friday reported a bigger-than-expected drop in quarterly profit as India’s biggest company by market valuation took a hit from the …

VIENNA (Reuters) – European Central Bank policymaker Robert Holzmann expects at least two interest-rate increases of 50 basis points each in the first half of this year, he said in …

FRANKFURT (Reuters) – Spain’s Santander is the only major bank operating in Germany that has not announced a special payment to local staff to help them with soaring inflation, union …

By Charlie Devereux and Corina Pons MADRID (Reuters) – The Spanish city of Malaga and its Costa del Sol surroundings are seeing a surge in people moving in from the …

By Elaine Lies TOKYO (Reuters) – Japanese supermarket owner Hiromichi Akiba has built his bustling business through close ties with his neighbourhood – the reason, he says, he can’t make …

By Elizabeth Howcroft and Hannah Lang (Reuters) -U.S. crypto company Digital Currency Group (DCG) is at the center of the industry’s latest meltdown after the lending arm of one of …

LONDON (Reuters) – The lending unit of U.S. crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, the latest company toppled by a market rout last year that wiped …

By Ankika Biswas, Bansari Mayur Kamdar and Sruthi Shankar (Reuters) – European shares closed higher on Friday but marked weekly losses as investors took a cautious view of the earnings …

By Arunima Kumar and Liz Hampton (Reuters) -Top oilfield services firm SLB on Friday reported results that topped Wall Street estimates for fourth-quarter profit on strong global demand for its …

By David Shepardson WASHINGTON (Reuters) – General Motors said Thursday it was investing $918 million in four U.S. plants for V-8 gasoline engine production and electric vehicle components. The largest …

By Brenda Goh and Lananh Nguyen DAVOS, Switzerland (Reuters) – China’s declaration that it is open for business was welcomed by attendees at the World Economic (WEF) as a likely …

By Ismail Shakil OTTAWA (Reuters) – Canadian retail sales edged down 0.1% in November from the previous month before bouncing back in December, data published on Friday showed, adding to …

By Paritosh Bansal (Reuters) – Chief executives of global corporations are losing confidence in their leadership teams’ ability to tackle issues like digital technology, climate change and diversity, according to …

By Tom Wilson and Hannah Lang (Reuters) – As an investment banker, Barry Silbert worked on some of the highest-profile corporate failures. Now, as founder of venture capital firm Digital …

By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank’s investment banking bonus pool for last year will fall by somewhat less than 10%, a person with knowledge of …

By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s central bank board will once again raise its benchmark interest rate at its meeting next week on persistent inflation which has endured despite …

By Medha Singh (Reuters) -Shares of U.S. grocers, packaged food companies and supermarkets were lagging in the first three weeks of 2023, in a sharp contrast to last year, as …